According to recent research, 95% of the students surveyed agreed that studying abroad has accelerated their maturity levels and influenced their long-term worldview. From global perspectives to industry exposure and hands-on learning to the blend of cultures, the primary aspect of studying abroad is to identify educational opportunities that are valued highly across all borders.
Before selecting these countries to study overseas, significant factors must be evaluated, including average cost of living, employability rates, and tuition expenditure. For comparing and evaluating countries based on universities, courses offered, the monthly cost of living, and rent, below is a detailed list of countries along with their pros and cons.
1. United Kingdom
There are several reasons why the UK is a prestigious place to study abroad, including no language barrier for students from many other English-speaking nations, renowned institutions, a thriving student culture, and quick access to European countries. Furthermore, it has shorter duration courses and a high acceptance rate with diverse research and innovation opportunities. The top five universities include the University of Oxford, Cambridge, Imperial College London, the University of Edinburgh, and King's College London. The average monthly cost of living, including rent as recommended by UKVI, is $1250.
2. United States
With exceptional education and intellectual rigor, the United States provides international students with innovative practices and prestige. The top five universities include the Massachusetts Institute of Technology, Harvard University, Stanford University, Yale University, and the University of Chicago. Furthermore, it has extensive undergraduate and postgraduate degrees with financial aid that are available such as scholarships and grants.
3. Germany
With innovative art, literature, and iconic monuments, Germany has reasonable living costs with a rich background history. From business to hard sciences, it provides academic internships for innovation and growth at leading companies. Furthermore, it was found that about 50% of students who were studying abroad were employed or participated in international internships/volunteer work. The top 5 universities in Germany are the Technical University of Munich, Freie Universitat Berlin, Ludwig Maximilian University of Munich, Humboldt University of Berlin and Karlsruhe Institute of Technology. The expense per semester for tuition fees is $3000.
4. Singapore
With low crime rates and budget-friendly options, Singapore is one of the safest countries for studying abroad. With diverse religions, architecture, and food, it is a country rich in culture and ethnicity. The top 5 universities include the National University of Singapore, Singapore University of Technology and Design, Nanyang Technological University, Singapore Management University, and INSEAD- Singapore. The total expenditure to be incurred on tuition each semester is $3050.
5. Canada
With liberal government policies for immigration and budget-friendly lifestyles, Canada has consistently grown as a preferred destination for pursuing higher education in recent years. About Three-fourths of students who chose to study abroad believe that it has helped them develop skills for future careers, such as improved interpersonal skills, increased self-reliance, foreign language proficiency, and overall adaptability to new environments. The top 5 universities are the University of Toronto, McGill University, the University of British Columbia, the University of Waterloo, and the University of Alberta.
6. Australia
With a smaller local population and student-centric cities, Australia hosts programs for students interested in geological, wildlife, and other biological studies. The top five universities include the University of New South Wales, the University of Melbourne, the University of Sydney, the University of Queensland, and the Australian National University. The average spending every month amounts to $1750.
7. Spain
With a diverse cultural, artistic and linguistic background, Spain provides international students with a comprehensive history for developing and enhancing their linguistic skills. The top 5 universities include the University of Barcelona, Pompeu Fabra University, the Autonomous University of Barcelona, and the University of Navarra. For tuition fees, a student incurs an amount of $2,000 per semester.
8. New Zealand
With adventure sports and small college towns, New Zealand has bustling cities which provide leadership opportunities and a deep understanding of the Māori culture. The top 5 universities include the University of Auckland, the University of Otago, Victoria University of Wellington, the University of Canterbury, and Massey University. The average monthly cost of living, including rent, is $1250.
9. Ireland
With an international hub for technology, pharmaceuticals, and chemistry, Ireland provides unique cultural opportunities for students. The top 5 universities include University College Cork, Dublin City University, University of Limerick, National University of Ireland, and Technological University Dublin. The expected expenditure for a month is about $1600, which is inclusive of rent.
About 40% of US companies missed out on global business opportunities because of a need for internationally competent persons. Studying abroad helps act as an investment, both professionally and academically. Therefore, it is essential to carefully evaluate and understand the different countries based on employability rates, costs of living and growth rates.
About The Author
Mr. Rohit Sethi, Director, ESS Global - With over 20 years of experience in the overseas education and immigration sector, Rohit Sethi is an active Director at ESS Global, a leading consultancy firm catering to students wishing to study abroad. Rohit is responsible for devising the strategic roadmap of the consulting firm, incorporating its short and long-term policies while driving decisions pertaining to employees, clients, and key stakeholders. His core competency lies in keeping ESS Global ahead of the curve, by conducting periodic competitive analysis and striving to meet targets in tandem with the firm’s supremely proficient team.
